Dollar Tree, Inc. (DLTR) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 45.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,718 shares of the company’s stock after buying an additional 3,019 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Dollar Tree were worth $1,043,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Exane Derivatives purchased a new position in shares of Dollar Tree in the 4th quarter worth approximately $104,000. Cerebellum GP LLC bought a new stake in shares of Dollar Tree in the 4th quarter worth approximately $127,000. FTB Advisors Inc. raised its holdings in shares of Dollar Tree by 249.2% in the 4th quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock worth $149,000 after purchasing an additional 992 shares during the period. First Personal Financial Services bought a new stake in shares of Dollar Tree in the 4th quarter worth approximately $165,000. Finally, Bronfman E.L. Rothschild L.P. raised its holdings in shares of Dollar Tree by 38.8% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,890 shares of the company’s stock worth $203,000 after purchasing an additional 528 shares during the period. Hedge funds and other institutional investors own 90.86% of the company’s stock.

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A number of research firms recently commented on DLTR. ValuEngine raised shares of Dollar Tree from a “hold” rating to a “buy” rating in a report on Saturday. BidaskClub raised shares of Dollar Tree from a “hold” rating to a “buy” rating in a report on Wednesday, March 28th. Loop Capital reaffirmed a “hold” rating and issued a $92.00 price target (down previously from $100.00) on shares of Dollar Tree in a report on Wednesday, March 7th. BMO Capital Markets lowered their price target on shares of Dollar Tree from $115.00 to $97.00 and set a “hold” rating on the stock in a report on Thursday, March 8th. Finally, Deutsche Bank set a $119.00 price target on shares of Dollar Tree and gave the stock a “buy” rating in a report on Thursday, March 8th. Eight analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $108.39.

In other Dollar Tree news, insider Robert H. Rudman sold 6,074 shares of the business’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $93.95, for a total transaction of $570,652.30. Following the sale, the insider now owns 11,170 shares of the company’s stock, valued at approximately $1,049,421.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Conrad M. Hall purchased 10,000 shares of the firm’s stock in a transaction dated Friday, March 9th. The stock was purchased at an average cost of $91.83 per share, for a total transaction of $918,300.00. Following the acquisition, the director now owns 799 shares of the company’s stock, valued at approximately $73,372.17. The disclosure for this purchase can be found here. Insiders have sold a total of 14,861 shares of company stock worth $1,398,752 in the last three months. Insiders own 4.10% of the company’s stock.

Shares of DLTR stock opened at $98.72 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.49 and a debt-to-equity ratio of 0.66. Dollar Tree, Inc. has a 1 year low of $65.63 and a 1 year high of $116.65. The firm has a market cap of $23,154.50, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 1.19 and a beta of 0.83.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, March 7th. The company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.01). Dollar Tree had a net margin of 7.71% and a return on equity of 18.68%. The business had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same period in the previous year, the firm earned $1.36 EPS. The company’s revenue was up 12.9% compared to the same quarter last year. sell-side analysts expect that Dollar Tree, Inc. will post 5.64 EPS for the current fiscal year.

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Dollar Tree Profile

Dollar Tree, Inc operates variety retail stores in the United States and Canada. It operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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